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12 posts categorized "DateTix"

OPW - July 28 - Love Group has a portfolio of online dating platforms, including Lovestruck, DateTix and Noonswoon. Currently the vast majority of the company's online dating revenues come from Lovestruck, which charges subscribers a fee that ranges from $25 to $75 per month. The DateTix and Noonswoon apps are freemium based apps. The Love Group ended fiscal year 2017 with a record quarter ($1359K in cash receipts, up 95% compared to the previous quarter).

INDIAN EXPRESS - Feb 14 - Speed dating is a concept where men and women meet for 5-8 mins, just enough to decide if they'd like to meet again. Speed dating saw it origins in 1998 when Rabbi Yaacov Deyo of Aish HaTorah first organised an event in the US as a way for Jewish singles to meet and marry. India has been flirting with the idea over the past decade. "Traditionally, India hasn't been a very open society when it comes to love. People often find it difficult to express feelings of love", says Taru Kapoor, country head of Tinder India. "Dating apps accelerate the process of finding someone in their own private space, instead of being guided by the family," explains Sumesh Menon, CEO and co-founder Woo. This is what makes the time ripe for speed dating to pick up pace here. DateTix is working towards setting up a formal speed dating culture in India. They began in January with Delhi, and intend to expand to other cities soon. Woo's Menon also believes there is a possibility that the concept will soon spread to Tier-II cities.

PROACTIVE INVESTORS - Dec 5 - DateTix Group has raised $1,759,600 via a placement to new and existing Asia and Australian-based investors at $0.34 per share. DateTix is a mobile app that facilitates on-demand dates. DateTix recently completed the acquisition of Lovestruck, a premium online dating platform currently operating in Hong Kong, Singapore and the United Kingdom.

E27.CO - Nov 15 - The deal is worth $212k in stock considerations and will allow Noonswoon to continue Thailand operations. Prominent investors in Noonswoon include GoldenGate Ventures and 500 Startups. This allows DateTix to expand into Southeast Asia through Thailand and will create a revenue boost through Noonswoon's user-base of 1,600 paying users.

AAP - July 1 - DateTix Group will buy Hong Kong, Singapore and UK-based online dating platform Lovestruck for 2M shares and an earn-out consideration of $270K. The purchase will increase DateTix's active user base by 259%. Lovestruck had revenues of $2.3M in 2015, with 96% coming from recurring membership subscriptions. The company will look to localise Lovestruck for the Chinese market, whilst launching DateTix into Europe via Lovestruck's UK footprint.

FINFEED - May 19 - DateTix is launching its matchmaking app in China this week. DTX plans to market its matchmaking service in Shenzen this month, before expanding its operation to Shanghai in August, Beijing in November and Guangzhou next year. DTX's dating app's focus is on serious relationships.

FINFEED - Mar 15 - DateTix has agreed to sell a non-core consulting business for a possible sale price of $780K, adding cash to its dating app marketing push. The company has recently announced that it had passed 7K downloads.

FINFEED - Mar 11 - The recently launched dating app DateTix has seen ~7K downloads since the start in February. The app has now surpassed Tinder in the Hong Kong iOS store, consistently ranked in the top 5. DTX is not just for dating but for serious relationships. DTX's strategy is establish a presence in Hong Kong before moving into China.

PROACTIVE INVESTORS - Dec 11 - Enverro's recently acquired on-demand dating platform DateTix. The company is now introducing DateTix to universities in Asia through a partnership with Launchpilots, a service that connects student leaders and influencers with high quality brands. DateTix is a dating app for people to host, discover, and go on real life dates.

PROACTIVEINVESTORS - Oct 2 - Founded in 2013 and based in Hong Kong, DateTix is a dating app for people to host, discover, and go on real life dates. Enverro is the developer of a cloud-based workforce management platform designed specifically for the energy, construction and resources sectors. The company is acquiring DateTix for 12.5M ($0.40/per share) shares and 12M performance shares that vest on three key milestones.